AIG's AIA unit reportedly to offer shares in Japan

LOS ANGELES (MarketWatch) -- American International Group Inc.
AIG, +0.02%
reportedly plans to sell shares of its Asian insurance unit, AIA Group Ltd., in Japan, along with AIA's planned listing in Hong Kong at the end of this month. The Nikkei business daily reported Thursday that AIA's Japanese share sale is expected "to raise tens of billions of yen." Terms would be finalized around Oct. 22, and the share offer will take place Oct. 26-27, the report said, without citing sources. The report said the shares should price at about 200 yen ($2.45) each.

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